Ready to Jump After Recent Trade: Amkor Technology Inc. (AMKR)

Amkor Technology Inc. (NASDAQ: AMKR) stock jumped 2.65% on Monday to $22.84 against a previous-day closing price of $22.25. With 1.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.15 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $23.05 whereas the lowest price it dropped to was $22.10. The 52-week range on AMKR shows that it touched its highest point at $31.38 and its lowest point at $16.13 during that stretch. It currently has a 1-year price target of $33.00. With its current market cap of 5.79 billion, AMKR has annualized dividend of $0.30 while the current yield stands at 1.31%. Beta for the stock currently stands at 1.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMKR was up-trending over the past week, with a rise of 4.34%, but this was down by -8.24% over a month. Three-month performance dropped to -13.45% while six-month performance fell -7.68%. The stock gained 26.33% in the past year, while it has lost -4.75% so far this year. A look at the trailing 12-month EPS for AMKR yields 2.35 with Next year EPS estimates of 2.27. For the next quarter, that number is 0.49. This implies an EPS growth rate of 18.90% for this year and 50.07% for next year. EPS is expected to decline by -10.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.40%.

Float and Shares Shorts:

At present, 245.64 million AMKR shares are outstanding with a float of 113.09 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.48 million, which was 1.42% higher than short shares on Jul 30, 2023. In addition to Mr. James J. Kim as the firm’s Exec. Chairman, Mr. Giel Rutten serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 38.82% of AMKR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 74.58% of AMKR, in contrast to 25.06% held by mutual funds. Shares owned by individuals account for 14.49%. As the largest shareholder in AMKR with 5.99% of the stake, Dimensional Fund Advisors LP holds 14,726,099 shares worth 14,726,099. A second-largest stockholder of AMKR, The Vanguard Group, Inc., holds 12,280,712 shares, controlling over 5.00% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AMKR, holding 11,214,269 shares or 4.56% stake. With a 1.98% stake in AMKR, the DFA US Small Cap Value Portfolio is the largest stakeholder. A total of 4,867,059 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 1.32% of AMKR stock, is the second-largest Mutual Fund holder. It holds 3,248,878 shares valued at 90.84 million. Vanguard Total Stock Market ETF holds 1.25% of the stake in AMKR, owning 3,072,920 shares worth 85.92 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AMKR reported revenue of $1.50B and operating income of $142.81M. The EBITDA in the recently reported quarter was $302.00M and diluted EPS was $0.51.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMKR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMKR analysts setting a high price target of $36.00 and a low target of $30.00, the average target price over the next 12 months is $33.00. Based on these targets, AMKR could surge 57.62% to reach the target high and rise by 31.35% to reach the target low. Reaching the average price target will result in a growth of 44.48% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded AMKR stock several times over the past three months with 6 Buys and 14 Sells. In these transactions, 1,889,486 shares were bought while 5,280,585 shares were sold. The number of buy transactions has increased to 84 while that of sell transactions has risen to 92 over the past year. The total number of shares bought during that period was 16,245,427 while 28,094,627 shares were sold.

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